Threshold signatures to go prime time
One of the most underappreciated technological developments that have been vastly overlooked since the advent of blockchain technology is that of threshold signatures.
One of the most underappreciated technological developments that have been vastly overlooked since the advent of blockchain technology is that of threshold signatures.
Joshua Henslee looks at Bitcoin SV's fundamentals and the massive gap between the pessimistic outlooks in social media groups versus the potential for long-term growth of the blockchain.
If past is indeed prologue, BSV users upset with Dr. Craig Wright’s ongoing legal actions need to think long and hard before forking the chain into the great unknown.
Since that first transaction, Bitcoin has grown from strength to strength, overcoming every challenge along the way, and they have been many.
Once again, we're seeing a massive surge in on-chain transactions on BSV, which just surpassed 3 million transactions this week, leaving blockchains like BTC, Ethereum, and XRP ledger in the dust.
As app development on the BSV blockchain proceeds at a breakneck pace, the number of on-chain transactions will increase, and the value of fees inside blocks will steadily climb higher.
When the Bitcoin software was announced in 2009, it was important that nodes joining the network could build a common history of the blockchain. Satoshi Nakamoto accomplished this by hardcoding in the “Genesis block” in the Bitcoin software.
The Indian government is still adamant that Bitcoin is not a currency, with its finance minister clarifying that the government doesn’t collect Bitcoin transaction data.
Entrepreneur and developer Ryan X. Charles has revealed a set of protocols known as the "Social Bitcoin Web" that links existing online presences to Bitcoin-spending addresses via Paymail.
sCrypt founder Xiaohui Liu chats with Bitcoin creator Dr. Craig Wright about maintaining state, Turing-completeness, the unpredictability of complex systems... and how you manage all that using Bitcoin Script.
Aside from the point that this transaction alone is bigger than the small blocks on competing Bitcoin forks, this shows how utilizing the blockchain properly can provide a long-term source of revenue for miners even after the block subsidy has diminished.
Steve Shadders, Technical Director of the Bitcoin SV Infrastructure Team, gave his customary "state of the network" speech to open the CoinGeek New York event with a rundown of the issues and solutions.